An editorial in the Wall Street Journal argues that: theres no evidence that [repealing the Glass-Steagall Act
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An editorial in the Wall Street Journal argues that: “there’s no evidence that [repealing the Glass-Steagall Act in 1999] had anything to do with the [2007–2009 financial] crisis.” Briefly discuss whether repealing the Glass-Steagall Act played a role in the financial crisis. Even if repealing Glass-Steagall played no role in the financial crisis, are there other reasons why its repeal may have been a bad idea? Briefly explain.
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Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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